Debt Guru

OCTOBER 22, 2021

If you only pay the minimum amount, you’ll accrue interest, your balance will increase each month and you will find it difficult to ever pay off the balance. To avoid racking up interest, always pay your statement balance. The “statement balance” is what you owed as of the statement’s issue date.

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Credit Corp

MAY 1, 2021

The consumer system is set up so that most purchases depend on applicant creditworthiness and a focus on being in debt responsibly. A high credit score will get you lower interest rates on major purchases, and a low credit score is a cause for worry because of higher interest rates. Pay Off Your Mortgage Early.

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Credit Corp

JANUARY 8, 2025

Your credit score is an indicator of your creditworthiness and financial health. By only making minimum payments, you can accrue interest fees, which will cost you more money in the long run. To maintain a good credit utilization ratio, you would want your total amount owed to be less than $600.

Debt Consolidation 52

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Credit Corp

OCTOBER 25, 2023

Since payment history is the most important factor that influences your creditworthiness, not making payments on time can damage your credit score. It’s also important to consider the card’s interest rate following the introductory period in case you don’t pay your balance off within the 0% APR time frame.

Credit Card Debt 52

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